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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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SPRINT FUNDING CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SPRINT FUNDING CORPORATION |
| Address | 6 EXECUTIVE CIRCLE SUITE 200
IRVINE, CA 92614 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,644 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $319,187,000 |
| Average Mortgage Loan Amount Applied For | $169,190 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $61,638 |
| Highest Applicant Income | $1,264,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
363 | $73,061,000 |
$151,333 | $938,000 |
$80,916 | $749,000 |
| Refinancing |
1,281 | $246,126,000 |
$175,800 | $2,000,000 |
$66,000 | $1,264,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
21 | $7,283,000 |
$310,666 | $884,000 |
$88,000 | $336,000 |
| Black or African American |
117 | $21,579,000 |
$176,571 | $580,000 |
$44,714 | $302,000 |
| Hispanic |
263 | $51,833,000 |
$167,090 | $595,000 |
$91,090 | $432,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $1,600,000 |
$223,500 | $435,000 |
$68,500 | $152,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
42 | $7,701,000 |
$158,714 | $750,000 |
$63,428 | $156,000 |
| White |
1,195 | $229,191,000 |
$172,384 | $2,000,000 |
$72,692 | $1,264,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,644 | $319,187,000 |
$177,812 | $2,000,000 |
$73,937 | $1,264,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
129 | $22,669,000 |
$180,916 | $572,000 |
$59,083 | $330,000 |
| Application Withdrawn By Applicant |
635 | $118,616,000 |
$169,000 | $2,000,000 |
$68,928 | $494,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
880 | $177,902,000 |
$166,923 | $1,083,000 |
$74,692 | $1,264,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
56 | $10,130,000 |
$161,500 | $442,000 |
$60,500 | $330,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
25 | $3,812,000 |
$153,375 | $451,000 |
$61,000 | $126,000 |
| Debt-To-Income Ratio |
7 | $1,245,000 |
$182,666 | $572,000 |
$59,666 | $101,000 |
| Employment History |
4 | $688,000 |
$154,000 | $372,000 |
$84,000 | $126,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $433,000 |
$144,333 | $164,000 |
$59,333 | $84,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
30 | $5,744,000 |
$218,000 | $500,000 |
$58,750 | $127,000 |
| Unverifiable Information |
3 | $422,000 |
$132,500 | $234,000 |
$49,500 | $58,000 |
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Mortgage Loan App Totals for SPRINT FUNDING CORPORATION by:
Metropolitan Area And
County
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